With the beginning of the active reassessment of the real estate market in Bishkek, the Royal Central Park project stands out as one of the few that fully complies with legal requirements and is ready for stable development of high-rise urban construction.
The project has successfully completed all stages of preparing preliminary legal documents. This includes the approval of urban planning and architectural documentation, as well as obtaining an urban planning conclusion (UPC) from the authorized body of the city of Bishkek, which defines the parameters for land use. All financial documentation and procedures related to land rights have been carried out in strict accordance with current laws.
Visualization of the musical fountain and multifunctional sports ground of Royal Central Park — launch planned for September 2026
Based on the above, building permits have been issued for two high-rise buildings Atlas (Y2) and Lyra (Y3), located in the subzone The Essence, with construction parameters fully compliant with the approved urban planning indicators. These permits are registered in the state management system and can be verified using a QR code, ensuring their ease of verification for legality at all stages of project implementation, including construction and state supervision.
The landscape garden of The Essence phase — part of the large-scale Royal Central Park complex
Furthermore, the project meets specific requirements for high-rise buildings, including:
- connection to engineering systems;
- ensuring structural safety;
- compliance with fire safety regulations;
- organization of transport accessibility;
- long-term operational sustainability.
These conditions are mandatory for the lawful and safe implementation of large urban projects in Bishkek. Such reliable legal foundation allows investors to focus on financial efficiency and strategy, minimizing legal risks that are often encountered in developing markets.
In real estate investment, income is generated not only through "right purchasing," but also through the ability to hold the asset for the necessary time for proper growth. In the context of a new growth phase in Bishkek, for investors, it is more important not just to ask "is it worth buying," but how to enter the cycle with maximum safety and capital efficiency.
All-season pool of The Essence phase
THREE-YEAR GRACE PERIOD — "TEMPORARY OPTION" IN THE GROWTH CYCLE
Royal Central Park is developing in the context of the growth of the Bishkek market. However, high capital costs hinder many investors from holding their investments long enough to maximize the benefits of rising prices. Therefore, the project was initially conceived as a investment structure, where financial policy occupies a central place.
Instead of putting pressure on investors in the early years when the facility is still under construction and not generating income, Royal Central Park has developed a financial package that synchronizes the timing of expenses with the moment of asset value growth.
In practice, many investors in Bishkek cannot hold on not due to distrust in the market, but due to the need to pay for capital in the early years when the asset is not yet ready and not generating income. The project addresses this financial issue.
The financial package is not intended to simplify short-term purchases, but focuses on readjusting the capital servicing schedule in accordance with the asset growth rates. The three-year grace period effectively becomes a high-value "time option", allowing the investor:
- to lock in the current price at the market growth stage;
- to eliminate capital expenses during the income absence stage;
- to defer financial obligations to the moment of asset completion, when the apartment is ready, the value increases, and opportunities for use or exit are broader.
Financial conditions of the project:
- the possibility of obtaining a loan of up to 70% of the apartment value with own funds from 30%;
- loan term up to 15 years;
- grace period for payment during the first three years;
- all interest during this grace period is paid by the developer RCA Living;
- the possibility of early repayment without penalties; the future apartment serves as collateral.
The essence of the structure lies not just in the "three-year" term, but in the financial value of time: for professional investors, this is an asset that creates a competitive advantage in a critical growth phase.
Interior of an apartment in the Lyra (Y3) building, The Essence phase
THE RIGHT CYCLE — BUT MANY INVESTORS USE INAPPROPRIATE TOOLS
The Bishkek market demonstrates a paradox:
- the main factors — urbanization, growing demand for quality housing, and limited supply — form the basis of a sustainable growth cycle;
- high interest rates on KGS create barriers for investors.
Existing mortgage and investment loans often have interest rates from 18% to 22% per annum, do not support properties under construction, and interest begins to accrue from the first month, without taking cash flow into account.
Thus, the cost of capital arises at the moment of asset completion, when it is still not generating income, negatively affecting the IRR. The problem is not in the market growth, but in the ability to hold investments without allowing capital costs to reduce investment efficiency.
FIRST PRICE GROWTH — THEN CAPITAL COST: THE BASIS OF INVESTMENT STRATEGY
The credit policy of Royal Central Park allows to hold the asset in a critical growth phase, while servicing capital only when the asset value becomes sufficient.
The project is not intended for short-term speculation, but is aimed at investors who understand: the right market opens opportunities, and the right financial structure determines who can stay afloat until the cycle is completed.
Notes (01):
- Corporate information about RCAL is available on the official website of the Ministry of Justice of the Kyrgyz Republic: minjust.gov.kg
- The legal status of the land plot can be verified by any third party through the Cadastre.
- Permit (object passport) RCAL with QR code: https://minstroy.gov.kg/ru/building/passport/legal/2025003879
